Category Archive

Debt settlement ads are very attractive to individuals struggling with debt. The promise is to reach an agreement you can afford to pay. The debtor agrees to pay a percentage of the debt (usually in a lump sum), and the creditor agrees to release the remaining obligation. Sounds simple, right? Unfortunately, many times the debtor will receive a nasty surprise …

In the movies, you’ll see a con artist, often played by an unusually handsome actor, tricking wealthy people (who deserve it) out of their money. It often makes for good entertainment. Will the victim con the con artist; what if the con artist develops a conscience, etc.? In real life, though, scammers target the poor, not the rich. People with …

In theory debt settlement is simple: the debtor negotiates with the creditor to reduce a debt to an amount that is regarded as payment in full. It sounds honest enough: the debtor cannot afford to repay a debt, so the creditor agrees to accept a reduction. The creditor is paid something and the debtor avoids bankruptcy. In practice debt settlement …

Debt collectors can be ruthless. Persistent telephone calls at home and work, embarrassing letters in red envelopes, calls to friends and family, and even public posts to your Facebook account are all dirty tactics that debt collectors employ to harass you into paying. Fortunately, there are laws that protect you from unlawful creditor harassment. The Fair Debt Collection Practices Act, …

Your bankruptcy discharge prohibits certain creditors from collecting from you personally after your bankruptcy case. So what happens when a creditor contacts you after your discharge? The answer depends on the situation and first involves answering three questions: (1) “Was the debt discharged in bankruptcy?” (2) “Is the collection directed at the discharged debtor?” and (3) Was the creditor notified …

For a person in financial trouble, examining options can mean the difference between a fresh start and a false start. Before you decide to use a debt settlement program to resolve your debt problem, arm yourself with information and make a wise decision. Below are six reasons that the federal bankruptcy laws may be a better choice than a debt …

Many tough decisions are made when a family is struggling with debt. Often debts are paid according to priority. Those bills at the lowest priority may not get paid at all. While this may be a good strategy under ordinary circumstances, it may back-fire when a bankruptcy is imminent. The act of paying one creditor while ignoring another is called …

Las Vegas may be the “foreclosure capital” of the U.S. But Erie, PA may now be the country’s “bizarre debt collector scam capital.” Apparently, a debt collection company called Unicredit, Inc. (also known as “Unicredit Debt Resolution Center”) decided it would be more effective in its efforts if it set up its office to look like a court. Everything from …

Debt collectors have a bit of what we call a “reputation problem.” So is it deserved? Or entirely without merit? A Wall Street Journal reporter named Fred Williams decided to find out. He went to work as a debt collector for a large, mainstream debt collection agency. And he wrote a book about it titled Fight Back Against Unfair Debt …

Contact Us

More Information

Disclaimer

This website is an advertisement. The information presented at this site should not be considered formal legal advice nor the formation of a lawyer or attorney-client relationship. You are advised that the acts of sending e-mail to or viewing or downloading information from this website does not create an attorney-client relationship. We are a debt relief agency. We help people file for bankruptcy relief under the Bankruptcy Code. Assistance we provide may include bankruptcy relief under Title 11.